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My bankroll management

Idealy, of course, I want to make a lot of money. Most of you have probably heard about the great story how Chris Jezus Ferguson made a bankroll from $0 grow to $10.000. He wanted to prove that it was very possible to do with proper bankroll management. Mind you, Chris is one of the best poker players in the world and even for him it was no simple feat. I believe it took him a couple of months to get the first $100 bankroll.

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Anyway, I'm not starting from $0, I've started this bankroll from a Free Poker Bankroll and have played many random games on it. I built it up to $400, cashed out $250, built it back up to $300 and then i had a rush of games where I lost. The problem was I was playing different stakes games (even at the same time sometimes) and that just got everything messed up. I was down to a little less than $150 when I decided it was time for serious bankroll management !

My Rules for Bankroll Management :

Play no MTT for more than %2 of your bankroll

Play no TURBO MTT for more than %1 of your bankroll

Play no cash games because you suck at those

Play no single table SNGs because you suck at those too

The plan of attack :

Play exclusively 90 man TURBOs on Full Tilt Poker using my bankroll management rules.

Play $3 games until you reach $600, then move up

When playing $6 and bankroll goes below $300, move down

When playing $6 and bankroll reaches $1200, move up

Repeat until rich.

So I'm now playing $3 and the bankroll is at $430. Well on track. Today I played a bunch of them again (I think around 10) and final tabled 3 of them, including a first and second place ! My current bankroll is now $430 and I have a lot of time in my vacation to play, so stay tuned here for more posts on my quest to make the first $10k with online poker.

 

Too bad it is 1:28 AM now and those 90 man games take exactly 2 hours to play out. If I play one now, I would be sleeping at the final table :)

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3.20 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

Last Updated ( Monday, 27 April 2009 )
 
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